Ukraine

News & Analysis as of

NBU lifts pricing expertise requirements for imported services

Starting from 19 August 2016, Ukrainian residents are no longer required to obtain a pricing expertise certificate issued by the State Information and Analytical Centre for Monitoring International Commodity Markets in order...more

August 2016 Update on Significant DOT, FAA and Other Federal Agencies’ Aviation-Related Regulatory Actions

This edition of the Cozen O’Connor Aviation Regulatory Update discusses new FAA reauthorization legislation, DOT awards for U.S. carrier scheduled service to Cuba, DOT’s decision to address consumer notification requirements...more

NBU continues liberalization of foreign currency exchange market

Starting from 29 July 2016, the National Bank of Ukraine (the NBU) has extended the settlement deadlines for export and import transactions to 120 days, as well as changed the rules governing the execution of payments by...more

In Case You Missed It: Launch Links - July, 2016 #4

Some interesting links we found across the web this week: WilmerHale Partnership with Leading FinTech Accelerator Culminates in First NY Demo Day - It’s been a busy summer of sponsorships here at WilmerHale! In...more

Anti-BEPS Ukraine style: de-offshorization initiative launches

Leakage of profits to offshore locations and tax evasion through aggressive planning has always been a hot topic in Ukraine. However, it must be said that, with the exception of the introduction of transfer pricing rules in...more

Antitrust Matters - July 2016

Welcome to the July issue of DLA Piper's quarterly Antitrust Matters newsletter, which brings you antitrust and competition news from all around the world. While we reflect on the UK's decision to leave the European...more

Law on financial restructuring was adopted in Ukraine

On 14 June 2016 the Verkhovna Rada of Ukraine adopted the Law “On Financial Restructuring” (the Law), which aims to solve many conflicts and assist in debt restructurings in Ukraine. The Law provides a new procedure for...more

Law on financial restructuring was adopted in Ukraine (Ukrainian)

On 14 June 2016 the Verkhovna Rada of Ukraine adopted the Law “On Financial Restructuring” (the Law), which aims to solve many conflicts and assist in debt restructurings in Ukraine. The Law provides a new procedure for...more

Changes to the Labor Code of Ukraine concerning probation period (Ukrainian)

On 12 June 2016 Law no. 1367-VIII “On Amendments to the Labor Code of Ukraine (Concerning the Probation Period)” dated 17 May 2016 (the Law) came into force. The Law extended the list of persons to whom the probation...more

Changes to the Labor Code of Ukraine concerning probation period

On 12 June 2016 Law no. 1367-VIII “On Amendments to the Labor Code of Ukraine (Concerning the Probation Period)” dated 17 May 2016 (the Law) came into force. The Law extended the list of persons to whom the probation...more

NBU gradually lifts “anti-crisis” restrictions (Ukrainian)

On 7 June 2016 the Board of the National Bank of Ukraine (NBU) adopted a new “anti-crisis” Resolution No. 342 (the Resolution.) The Resolution was adopted to replace the earlier “anti-crisis” Resolution of the NBU No....more

NBU gradually lifts “anti-crisis” restrictions

On 7 June 2016 the Board of the National Bank of Ukraine (NBU) adopted a new “anti-crisis” Resolution No. 342 (the Resolution.) The Resolution was adopted to replace the earlier “anti-crisis” Resolution of the NBU No....more

A New Wave of CIS Restructurings Poses Unique Challenges

While the CIS nations have recently provided a multitude of sizeable restructuring cases, the region’s dominant force, Russia, has stood up reasonably well to lengthy economic decline, economic sanctions and the collapse of...more

Ukraine further simplifies the registration of medicinal products marketed in the US, the EU, Switzerland, Japan, Australia or...

As we reported in our previous alert, the Cabinet of Ministers of Ukraine has recently adopted Resolution No. 312 simplifying the registration of medicinal products marketed in the US, the EU, Switzerland, Japan, Australia or...more

Ukraine further simplifies the registration of medicinal products marketed in the US, the EU, Switzerland, Japan, Australia or...

As we reported in our previous alert, the Cabinet of Ministers of Ukraine has recently adopted Resolution No. 312 simplifying the registration of medicinal products marketed in the US, the EU, Switzerland, Japan, Australia or...more

On Procedure of payment of dividends by a joint stock company

On 27 March 2016, the Securities and Stock Market State Commission (SSMSC) decision from 12 March 2016 of No. 391 “On Procedure of payment of dividends by a joint stock company” came into force....more

On Procedure of payment of dividends by a joint stock company (Ukrainian)

On 27 March 2016, the Securities and Stock Market State Commission (SSMSC) decision from 12 March 2016 of No. 391 “On Procedure of payment of dividends by a joint stock company” came into force. (Ukranian-only version)...more

Requirements to concentration filings changed

On 18 May 2016, the Law of Ukraine “On Amendments to the Law of Ukraine ‘On Protection of Economic Competition’ concerning the increase of efficiency of control over economic concentrations” adopted by the Parliament of...more

Ukraine simplifies the registration of medicinal products marketed in the US, the EU, Switzerland, Japan, Australia or Canada

On 20 April 2016 the Cabinet of Ministers of Ukraine adopted Resolution No. 312 amending the Procedure for State Registration (Registration Renewal) of Medicinal Products (the Procedure.) The changes took effect on May 13....more

Ukraine simplifies the registration of medicinal products marketed in the US, the EU, Switzerland, Japan, Australia or Canada...

On 20 April 2016 the Cabinet of Ministers of Ukraine adopted Resolution No. 312 amending the Procedure for State Registration (Registration Renewal) of Medicinal Products (the Procedure.) The changes took effect on May 13....more

Overview of US and EU Trade Sanctions

Overview of US and EU Trade Sanctions - Following is a summary of the current US and EU sanctions that restrict trade with and/or investment in certain countries, “Specially Designated Nationals” (SDNs) and “Blocked...more

Changes to the NBU anti-crises measures (Ukrainian)

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Changes to the NBU anti-crises measures

As from 11 May 2016 the NBU Board Resolution No. 308 dated 5 May 2016 (the “Resolution”) takes effect. The Resolution amends the existing “anti-crisis” NBU Resolution No. 140 dated 3 March 2016 and abolishes a number of...more

UK Financial Regulatory Developments - April 2016 #3

FCA considers competition powers - FCA Director of Competition, Deb Jones, spoke on FCA’s use of its competition powers. She looked at the problems faced when promoting competition without a “race to the bottom”...more

Country Survey Taking Security Over CIS Real Estate

As you know, secured loans often include real estate as a key element of the security package, whether the loans are granted for general corporate purposes, specific projects (e.g., commercial real estate and infrastructure)...more

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